Narrow search
Showing 1 - 10 of 242
Cover Image
Generalizing the Taylor principle
Davig, Troy; Leeper, Eric M. - In: The American economic review 97 (2007) 3, pp. 607-635
Persistent link: https://www.econbiz.de/10003505513
Cover Image
The impact of Central Bank announcements on asset prices in real time : testing the efficiency of the Euribor futures market
Rosa, Carlo (contributor); Verga, Giovanni (contributor) - 2006
Persistent link: https://www.econbiz.de/10003397403
Cover Image
Can Central Banks Target Bond Prices?
Kuttner, Kenneth - 2006
This paper addresses the possible role of bond prices as operating or intermediate targets for monetary policy. The paper begins with a brief review of the mechanisms through which a central bank could, in theory, influence long-term interest rates, and continues with a brief narrative overview...
Persistent link: https://www.econbiz.de/10012466210
Cover Image
Generalizing the Taylor Principle
Davig, Troy - 2005
The paper generalizes the Taylor principle---the proposition that central banks can stabilize the macroeconomy by raising their interest rate instrument more than one-for-one in response to higher inflation---to an environment in which reaction coefficients in the monetary policy rule evolve...
Persistent link: https://www.econbiz.de/10012466797
Cover Image
Asset fire sales and credit easing
Shleifer, Andrei; Vishny, Robert W. - In: The American economic review 100 (2010) 2, pp. 46-50
Persistent link: https://www.econbiz.de/10008746420
Cover Image
Asset Fire Sales and Credit Easing
Shleifer, Andrei - 2010
credit easing, defined as a combination of lending to financial institutions, providing liquidity directly to key credit …
Persistent link: https://www.econbiz.de/10012462998
Cover Image
Crisis and Responses : the Federal Reserve and the Financial Crisis of 2007-2008
Cecchetti, Stephen G. - 2008
ensuring that liquidity would be distributed to those institutions that needed it most. Conceptually, this meant America …
Persistent link: https://www.econbiz.de/10012464512
Cover Image
Liquidity provision as a monetary policy tool : the ECB's non-standard measures after the financial crisis
Quint, Dominic; Tristani, Oreste - 2017
area. In a structural VAR, we identify a liquidity shock rooted in the interbank market and use its impulse response … Gertler and Kiyotaki (2010). We highlight two main results. First, an identified liquidity shock causes a sizable and … in 2008–09. Second, the liquidity injected in the market by the ECB played an important role in attenuating the …
Persistent link: https://www.econbiz.de/10011764878
Cover Image
Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis
Rose, Andrew K. - 2011
While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into the international financial system. Empirical...
Persistent link: https://www.econbiz.de/10012461299
Cover Image
Fire buys of central bank collateral assets
Roure, Calebe de - 2017
In times of financial distress, central banks provide unlimited liquidity to avoid fire sales. In response, banks raise … investigate how unlimited liquidity provision affects collateral prices. Also, I match banks' trades with their balance sheet and … show how funding liquidity impacts premia payment. I quantify the Fire Buy premium to be 15.6 bps; and the Risk …
Persistent link: https://www.econbiz.de/10011587096